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Updated: May 10, 2025
Nobody ever knows what reward visits the purchasers of oysters, for it is their habit to spread the report of non-success and disappointment. But the buyers and speculators come each year in larger numbers, with augmented credits, and they pay in competition with their kind a larger price for the oysters. The conclusion is, therefore, that they find the business profitable.
The very proof of helpfulness already given is the strongest argument for the permanent establishment of widened credits, heretofore temporarily extended through the War Finance Corporation. The Farm Loan Bureau, which already has proven its usefulness through the Federal land banks, may well have its powers enlarged to provide ample farm production credits as well as enlarged land credits.
While many people are looking for financial independence between nations, the United States taking back from Europe in the next three years the larger part of the $6,000,000,000 of American securities owned abroad, it is quite possible that the opposite will take place: a greater interrelation, not only in credits but in investments.
Genuinely profitable farming in Virginia was not common, for the general system was a bad one. A single great staple, easily produced by the reckless exhaustion of land, and varying widely in the annual value of crops, bred improvidence and speculation. Everything was bought upon long credits, given by the London merchants, and this, too, contributed largely to carelessness and waste.
"I don't want to bet with you, Max. I'm going back on the Valhalla. "Go ahead. Take my money, if you're so sure." "All right, I will! A thousand credits won't hurt me!" Suddenly he had no further desire to listen to Hawkes talk; he rose abruptly and gulped down the remainder of his drink. "I'm tired. Let's get some sleep." "Fair enough," Hawkes said.
Credits have been arranged by the Farm Loan Board, and three emergency finance corporations with a total capital of $3,000,000 have insured additional resources to the extent of $12,000,000. Through these means the 700,000 people in the flooded areas have been adequately supported. Provision has been made to care for those in need until after the 1st of January.
Well, he has been paying taxes ever since, and is tired of the 'bally rawnch'; besides, he is busy keeping his property in England reasonably well spent. I am arranging through a London office to offer him ten dollars an acre, and I'll bet he jumps at it. I've arranged for the necessary credits, but there will be some expenses for cables, etc., and you can put your hundred into that.
The commerce of Scotland, which at present is not very great, was still more inconsiderable when the two first banking companies were established; and those companies would have had but little trade, had they confined their business to the discounting of bills of exchange. Credits of this kind are, I believe, commonly granted by banks and bankers in all different parts of the world.
The Captain blinked, raised himself on his elbow, looked at his watch which was on the chair by the bed's head, and then demanded in an outraged whisper: "What in the nation are you prowlin' around this hour of the night for? You don't want to talk about those divilish bills and credits and things, I hope. What's the use? Talkin' don't help none! Jumpin' fire!
There is no cop who has not wanted to kill some grinning, half-scared, half-defiant delink who hasn't yet realized that he's destroyed half a million credits' worth of property or crippled somebody for life for no reason at all. Sergeant Madden listened to the denunciation of all the delink tribe. Then he yawned again. "I know!" he said. "I don't like 'em either. But we got 'em.
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